Bond yields were trading higher on Friday as a day after the Reserve Bank delivered another rate hike, a domestic ratings agency -- Icra Ratings has said the increases will not impact collection efficiencies for non-bank lenders. It said this is so primarily because of the collaterals given by borrowers and the priority they accord to repayments.
In the global market, U.S. Treasury yields ticked higher on Thursday as investors looked to the latest U.S. economic data for indicators of the health of the economy. Furthermore, oil prices fell slightly on Thursday as traders returned focus to rising U.S. and EU crude inventories.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.35% from its previous close of 7.34% on Thursday.
The benchmark five-year interest rates were trading flat with its previous close of 7.28% on Thursday.
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